Tagged: societe generale

February 21, 2025 @ 6:37 am By Omar Faridi  |  

Societe Generale-FORGE announces the launch of its EUR-backed stablecoin (EURCV) on the Stellar network. This expansion will open opportunities for users and businesses “to access a secure, transparent, and scalable digital euro stablecoin, powered by the innovative Stellar blockchain infrastructure.” This move combines the regulatory… Read More

January 23, 2025 @ 8:14 am By Omar Faridi  |  

Sygnum, a global digital asset banking group who recently announced its expanded EU market entry, is enhancing its B2B platform offering via a collab with Societe Generale-FORGE, the digital asset subsidiary of one of Europe’s financial services groups, Société Générale. The EUR CoinVertible (EURCV), a… Read More

December 17, 2024 @ 7:33 am By Omar Faridi  |  

Societe Generale announces the successful completion of a collateralized market transaction “fully” executed on blockchain via its subsidiary Societe Generale – FORGE. This is reportedly the first repo transaction (Sale and Repurchase Agreement) in digital securities (Security Tokens) with an Eurosystem’s central bank. As explained… Read More

June 4, 2024 @ 7:15 am By Omar Faridi  |  

Societe Generale says that it paves the way for responsible global transaction banking (GTB), supporting its clients in their move toward a more sustainable and inclusive economy. In the face of changing market expectations and the absence of established market standards for sustainable GTB solutions,… Read More

April 4, 2024 @ 7:52 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry,  announced that Societe Generale is reportedly the first Prime Broker to leverage CTM’s new automated tri-party trade matching workflow as the industry prepares for the increased focus on global accelerated settlement requirements. CTM’s new… Read More

December 5, 2023 @ 10:56 pm By Omar Faridi  |  

On November 30, 2023, Société Générale issued its first digital green bond in the form of a “ Security Token ” directly recorded by SG-FORGE on the Ethereum blockchain with transparency and traceability of ESG data. The tokens were fully subscribed “by two leading institutional… Read More

October 26, 2023 @ 10:06 pm By Omar Faridi  |  

First Trust’s two new products raise the total number of ETFs traded at SIX Swiss Exchange to 1,710. Société Générale takes over market making “for continuous liquidity provision.” Christian Reuss, Head SIX Swiss Exchange, said: “We warmly welcome First Trust Global Funds plc as new… Read More

July 21, 2023 @ 9:12 am By Omar Faridi  |  

Societe Generale – FORGE (SG-FORGE), a subsidiary of the Societe Generale Group dedicated to crypto assets activities, announces that it has obtained its regulatory license approval as Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets… Read More

April 21, 2023 @ 8:23 am By Omar Faridi  |  

Societe Generale–FORGE (SG-FORGE), a “fully” integrated and regulated subsidiary of Societe Generale group dedicated to digital assets, launches the EUR CoinVertible, a digital asset that purports to maintain a stable value (stablecoin). EUR CoinVertible is “deployed in Euro denomination on the Ethereum public blockchain (ticker… Read More

April 8, 2023 @ 10:39 am By Omar Faridi  |  

Eleven new sustainability-focused start-ups joined Societe Generale’s (GLE.PA) flagship Global Markets Incubator (GMI) dedicated “to developing ground-breaking solutions for the financial industry.” From a selection pool of over 140 applicants, these start-ups are “addressing some of the finance industry’s biggest ESG concerns, including carbon emissions… Read More

March 28, 2023 @ 5:58 pm By JD Alois  |  

The French national financial prosecutor’s office (Parquet Financier National – PFN) announced today that it has engaged in multiple search operations at five banking and financial services firms located in Paris and La Defense (a suburb of Paris). According to the prosecutor, the actions are… Read More

January 18, 2023 @ 10:34 pm By Omar Faridi  |  

MakerDAO, which claims to be the longest-standing DeFi lending protocol and creator of DAI, the original, decentralized stablecoin, announces Societe Generale-FORGE, a subsidiary of French multinational investment bank Societe Generale, has “completed an initial DAI drawdown from the MakerDAO protocol of 7 million DAI. SG-FORGE… Read More

October 4, 2022 @ 9:51 pm By Omar Faridi  |  

Societe Generale – one of Europe’s leading financial services groups, which supports its clients in their environmental and energy transition by providing responsible and innovative financing solutions – and Altalurra Ventures – a fund investing in technological start-ups with an positive impact – “are investing… Read More

July 1, 2022 @ 8:37 am By Omar Faridi  |  

Societe Generale – FORGE, a “fully” integrated subsidiary of Societe Generale, providing issuers and investors with end-to-end services to issue, invest and manage digital-native security tokens registered on public blockchains, has selected METACO, a provider of digital asset management technology and infrastructure, “to orchestrate its… Read More

June 5, 2022 @ 5:37 pm By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, recently confirmed the addition of new corporate members, “including Google Cloud, Société Générale, American Express, Point72, Mirantis, and The Digital Dollar Project.” Building upon its 19 new Members in 2021 and… Read More

April 19, 2022 @ 10:09 am By Omar Faridi  |  

Societe Generale (GLE.PA) recently introduced its first acceleration program that’s dedicated to startups linked to Trade Finance, Cash Management, Factoring, and Cash Clearing & Correspondent Banking activities. The Group, a partner of many startups, is launching “a new call for projects to improve the customer… Read More

March 24, 2022 @ 8:35 pm By Omar Faridi  |  

  Surecomp, which claims to be a market leader in international trade finance solutions for banking institutions and corporations, has confirmed that Societe Generale has now gone live with the latest version of its IMEX solution for back-office trade finance processing automation across four nations… Read More

December 13, 2021 @ 10:48 am By Omar Faridi  |  

BNP Paribas, China Construction Bank (Asia), DBS, MUFG, Societe Generale and Standard Chartered have all joined the iLex platform to “accelerate the digitization of corporate loan markets.” The 6 global syndicated loan book runners are joining iLex as partner banks in order to support “innovation… Read More

November 24, 2021 @ 8:31 am By Omar Faridi  |  

Paris-based Société Générale S.A. (GLE.PA), a French multinational investment bank and financial services company with around €1.3 trillion in assets, says it is putting its trust in data and AI in order to help the organization with transitioning into the digital age. As the institution… Read More

February 9, 2021 @ 7:09 am By Omar Faridi  |  

Paris-based Société Générale S.A. (GLE.PA), a French multinational investment bank and financial services company with around €1.3 trillion in assets, has decided to allow its workers to work from home for up to two days every week. Société Générale’s management reportedly reached an agreement with… Read More